Breaking News
Breaking Property News – 25/06/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Analysis shows 25% of voters think Governments fudge housing question Press Release London June 2024 Joint research by leading property website Zoopla and Ipsos has revealed that just a quarter of voters agree with the statement that ‘the political parties pay a lot of…
Andrew Stanton
Breaking Property News – 24/06/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Inventory Reporting Software on the Cheap Cheap! Increasingly the wisdom of the expert human seems to be outgunned by our artificial friends who seem to know instantly the answer to all of our questions. With Bard (Google Deep Mind), GPT-4 & Codex (OpenAI), Claude…
Andrew Stanton
Average first-time buyer mortgage payment up 61% since last election
Rightmove’s latest first-time buyer study highlights that the average first-time buyer mortgage payment has risen by 61% since the last election year of 2019, from £667 to £1,075 per month as rates remain elevated The average first-time buyer mortgage payment has significantly outpaced wage growth, which is up by 27% over the same five-year period…
Rightmove
Third of Private Renters Are Struggling to Afford Their Rents Says New Research
Over a third of all private renters are finding it difficult to afford their rent according to new research out today. Whilst overall 35 per cent of renters said they were finding it difficult or very difficult to afford their rent, this proportion increased to 56 per cent for those not in work due to…
EAN Breaking News
Bank of England’s decision to hold the Base Rate – Industry Reaction
The Bank of England held interest rates at 5.25% for the seventh time in a row. The decision comes despite official figures yesterday which revealed inflation had fallen to the Bank’s target of 2% for the first time in nearly three years. Here are some thoughts from the property industry. Rightmove’s mortgage expert Matt…
EAN Breaking News
Breaking Property News – 20/06/24
Daily bite-sized proptech and property news in partnership with Proptech-X. OpenBrix, Home, & TDS unite to digitally upgrade the tenant user experience Full disclosure Adam Pigott and the team at Openbrix are one of my original and long serving clients in my day job of getting proptechs from MVP to exit (Proptech-PR). But as…
Andrew Stanton
Rental Reform Undermined by Lack of Choice for Tenants
A lack of choice for private renters about where they can live will undermine plans set out by many of the UK’s major political parties to reform the rental market. That’s the warning from the National Residential Landlords Association (NRLA) as the Conservatives, Labour, Liberal Democrats and Green Party all propose ending section 21 ‘no…
EAN Breaking News
Breaking Property News – 18/06/24
Daily bite-sized proptech and property news in partnership with Proptech-X. HappyCo debuts open API marketplace automating multifamily operations Press Release – San Diego, CA – June 2024 — HappyCo a leading provider of multifamily operations software solutions and services, announces the debut of its open API marketplace – HappyCo Plugins – to transform fragmented point solutions into…
Andrew Stanton
Rightmove reaction to inflation data & latest mortgage rates
Matt Smith, Rightmove’s mortgage expert said: “Hopefully today’s inflation drop is the first step on the journey towards lower mortgage rates in the second half of the year. Market expectations are still that the first Bank of England rate cut is more likely to be later in the summer rather than tomorrow, but at least today’s…
Rightmove
Reform announces a ‘Contract’ with the voter – Comments from NFB
Reform leader, Nigel Farage has announced ‘Our Contract With You,’ the Reform parties draft document is seeking comments for finalisation later in the year. Mirroring business strategy, the contact seeks to ‘run the nation ‘like a lean, efficient business with motivated employees and happy customers.’ Richard Beresford, Chief Executive of the NFB, said: “Reform have…
EAN Breaking News
Foxtons Lettings Market Index – May 2024
An increase in property listings leads to a more balanced May Lettings market Applicant demand increased month-on-month, up 20% compared to April In May, the London market saw 36% more listings compared to April. In 2024 year to date, there was a 10% increase compared to 2023 Average rent was £577 in May 2024,…
EAN Breaking News
Breaking Property News – 17/06/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Clarion Housing & Places for People partner with Stairpay Press Release – London, UK – 17 June 2024 — Stairpay, a platform that simplifies the customer journey of shared ownership to help more people achieve their dream of owning a home, has partnered with Clarion Housing…
Andrew Stanton
Rightmove House Price Index
Market maintains momentum despite more tentative top-end The average price of property coming to the market for sale drops by just £21 this month (0.0%) to £375,110 after reaching a record high in May, as prices in June follow their familiar seasonal pattern of recent years and remain flat: Less expensive and more northerly…
Rightmove
Reaction to the commitment to leasehold reform in the party manifestos
Mark Chick, director of ALEP (the Association of Leasehold Enfranchisement Practitioners) and a Partner at Bishop & Sewell LLP commented: “Whichever party forms the next government, leasehold reform is far from over. “We know that the Conservatives would renew their commitment to cap all ground rents at £250 and to phase them out over…
EAN Content
Breaking Property News – 13/06/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Why Labour can never deliver 300,000 New Homes a year Given there is a shortage of 400 (not a typo) local Planning officers in the UK. The Labour party can talk all day about building 300,000 new homes a year, but given that it takes 2.5 years…
Andrew Stanton